San Antonio, Texas, Mortgage Rates For October 25, 2013

If you're looking to buy or sell a San Antonio Area Home Visit sanantoniohomequest.com   Here Is The Texas Mortgage Rate Sheet From Homewood Mortgage   You'll be happy with these low rate and low fee residential mortgage loans. Also let your your friends and family know that we will beat any deal on rates, fees and service.   We are from Texas, We are operated in Texas, and We are Texas Strong!    All Loans close on-time and within 30 Days or less.   Refinance Rates & Purchase Rates could be lower... have your clients call me to discuss.    Happy Friday, October 25, 2013!  Rates are rocking get em locked.   30 yr Conventional 4.0% - 0 Discount Points - 0 Origination 15 yr Conventional 3.125% - 0 Discount Points - 0 Origination 20 yr Conventional 4.0% - 0 Discount Points - 0 Origination 10 yr Conventional 3.25% - 0 Discount Points - 0 Origination 30 yr FHA 3.625% - 0 Discount Points - 0 Origination 15 yr FHA 3.25% - 0 Discount Points - 0 Origination 30 yr USDA 3.875% - 0 Discount Points - 0 Origination 30 yr VA 3.625% - 0 Discount Points - 0 Origination 15 yr VA 3.25% - 0 Discount Points - 0 Origination Jumbo 30 yr Fixed 4.375% - 0 Discount Points - 0 Origination Jumbo 15 yr Fixed 4.0% - 0 Discounts Points - 0 Origination Jumbo 7/1 ARM 3.75% - 0 Discount Points - 0 Origination Jumbo 5/1 ARM 3.25% - 0 Discount Points - 0 Origination     Homewood Is Your Locally Owned and Operated Texas Mortgage Banker    * These rates are based on a estimated loan amount of $241,250 or above and roughly 4.05% to 5.695% APR depending on loan program. Rates are also subject to change without notice. FHA requires 3.5% down. Conventional requires 5% down. Jumbo requires 20% down up to $1Million. Jumbo APR is estimated 4.445% Some rates are based on a 740 credit score or higher. Some loans require lower LTV, call for details.

Services Provided: FHA VA USDA Conventional Construction Loans Jumbo Down Payment Assistance Programs Our Commitment to You: On-Time Closings Excellent Communication Call's Returned Promptly Phone Calls answered on Weekends Good Interest Rates  Reasonable Closing Costs 24/7 On-Line Applications @ www.mikeclover.com

Mike Clover Mortgage Banker Homewood Mortgage, LLC Toll FREE: 1-800-223-7409 O: 469-438-5587 F: 972-767-4370 NMLS# 234770 Web: www.mikeclover.com E-mail: mike@mikeclover.com     Call for Super Service!!

San Antonio Real Estate News

If your're looking to buy or sell a home in or around San Antonio, Texas, visit sanantoniohomequest.com.

SAN ANTONIO IN THE NEWS

As it enters 2013's holiday season,  the San Antonio metropolitan area is thriving economically and rapidly growing in size and population.

These recent reports reflect the reasons why the area is attracting so many new businesses and incoming residents.  

• Kiplinger.com projects the Alamo City area will attract 150,000 new jobs within the next 5 years.
• Trulia analysts call San Antonio the nation's fourth healthiest housing market.
• Forbes calls San Antonio the nation's number three city for new technology and number thirteen for careers and businesses.

In days past, "Gone To Texas" was the phrase used by Americans immigrating west to escape debt.  Today, San Antonio, Texas, is the preferred destination for individuals and businesses seeking opportunity and prosperity.

SANANTONIOHOMEQUEST.COM

San Antonio, Texas, Mortgage Rates for 11 October 2013

Looking to buy or sell a San Antono, Texas, area home, then visit sanantoniohomequest.com .   Now, here, the San Antonio Mortgage Rates news from Homewood Mortgage for 11 October 2013.   You'll be happy with these Low Rates & Low Fee Loans.  Also let your your friends and family know that we'll beat any deal on rates, fees and service.   We are from Texas, We are operated in Texas, and We are Texas Strong!    All Loans close on-time and within 30 Days or less. Most Loans are closing within 15 days.   Refinance Rates & Purchase Rates could be lower.  Call me to discuss.    Rates are rocking!   Have a Great Weekend!   30 yr Conventional 4.125% - 0 Discount Points - 0 Origination 15 yr Conventional 3.25% - 0 Discount Points - 0 Origination 20 yr Conventional 4.125% - 0 Discount Points - 0 Origination 10 yr Conventional 3.375% - 0 Discount Points - 0 Origination 30 yr FHA 3.75% - 0 Discount Points - 0 Origination 15 yr FHA 3.25% - 0 Discount Points - 0 Origination 30 yr USDA 4.125% - 0 Discount Points - 0 Origination 30 yr VA 3.75% - 0 Discount Points - 0 Origination 15 yr VA 3.25% - 0 Discount Points - 0 Origination Jumbo 30 yr Fixed 4.625% - 0 Discount Points - 0 Origination Jumbo 15 yr Fixed 4.0% - 0 Discounts Points - 0 Origination Jumbo 7/1 ARM 3.75% - 0 Discount Points - 0 Origination Jumbo 5/1 ARM 3.25% - 0 Discount Points - 0 Origination     Your Locally Owned and Operated Texas Mortgage Banker    * These rates are based on a estimated loan amount of $241,250 or above and roughly 4.17% to 5.809% APR depending on loan program. Rates are also subject to change without notice. FHA requires 3.5% down. Conventional requires 5% down. Jumbo requires 20% down up to $1Million. Jumbo APR is estimated 4.771% Some rates are based on a 740 credit score or higher. Some loans require lower LTV, call for details.

Services Provided: FHA VA USDA Construction Loans Conventional Jumbo Down Payment Assistance Programs Our Commitment to You: On-Time Closings Excellent Communication Call's Returned Promptly Phone Calls answered on Weekends Good Interest Rates Reasonable Closing Costs 24/7 On-Line Applications @ www.mikeclover.com

Mike Clover Mortgage Banker Homewood Mortgage, LLC Toll FREE: 1-800-223-7409 O: 469-438-5587 F: 972-767-4370 NMLS# 234770 Web: www.mikeclover.com E-mail: mike@mikeclover.com     Call for Super Service!!

 

San Antonio Homes For Sale Report October 2013

Like the weather, San Antonio's realty "hot season" typically ends in September. In October, falling leaves and falling temperatures are accompanied by falling home sales activity.

It's to be expected. San Antonio's realty market usually runs in a predictable seasonal cycle. The lowest sales month is January, the higher sales season kicks off in March and usually peaks in June, and, after school starts in August, the market draws down in a leisurely fashion through the fall and early winter months.

But, so far, this year's cycle has hardly been typical. Home sales peaked very early - in May. The market remained highly active throughout the summer, with sales volume approaching the pre-Great Recession historic highs of 2006 and 2007. Now, in October, homes sales are trending downward on a scale more characteristic of a typical off season San Antonio market.

A recent survey of San antonio realty agents revealed some interesting observations about the future of the area's near term housing market. Many agents saw a slowing trend caused by buyer concerns about rising mortgage interest rates, increasingly stringent loan qualification requirements and continuing concerns about the slowness of the nation's economic recovery.

Other agents were much more optomistic, citing the strength of San antonio's economy, increased demand from buyers exiting the area's rental market, and a rush by buyers to purchase a home before rising mortgage interest rates hit 5% .

Setting aside local concerns, respected state and national level realty analysts are confident that, barring unforeseen factors, San Antonio's realty market will breeze through the expected seasonal cool-down and come back even stronger in the spring.

Why?

The area's job growth is excellent.

Its unemployment rate is relatively low.

San Antonio/Bexar County is first in the state and fourth in the nation for the largest net inflow of households — a total of 5,601 families in 2012.

Recognizing that San Antonio is one of the nation's top 25 cities for global trade, many corporations are relocating their operations and/or headquarters to San Antonio.

Just south of the city, the developing Eagle Ford shale oil fields are fueling an economic boom.

The Alamo City's financial, service sector, military, bioscience, and medical establishments are strong and fully capable of providing the stable economic environment needed to encourage and sustain small and large business development.

So, what does this mean for San Antonio home sellers and buyers? Looking at the relevant market statistics for single family detached homes as of 7 October 2012:

There were 8792 active listings, compared to 9686 one year ago. The inventory is decreasing slowly. That's a good sign for home sellers.

The average sales price for the most recent closings was $207,484, compared to last year's $193,643. The 7.15% sales price increase is a significantly positive sign for home sellers.

Average cumulate-days-on-the-market (CDOM) for the most recent sales was 92 compared to 111 last year. That's another positive sign for San Antonio home sellers.

Industry analysts see these data as reflecting a strong sellers' market.

Although exceptionally positive for home sellers, the news is also good for home buyers because San Antonio homes remain remarkably affordable when compared to homes in the nation's other large metropolitan areas.

That's our October 2013 San Antonio realty market report. We encourage reader questions, comments, and suggestions for making this monthly report more relevant and informative.

Wishing you a happy halloween and a wonderful October 2013, we are Stephanie and Randy Kelley, Realtors ® at Keller Williams Legacy, San Antonio. If you have questions, need San Antonio area realty or mortgage advice or assistance, or just want to chat, call (210) 863-2661 or (210) 867-8743. Our SanAntonioHomeQuest.com Realty Solutions Team is always ready to help you with your home buying or selling needs.